Technical Analysis (Gold) : XAU/USD 13 May 2022

13 May 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 13 May 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 May 2022

Pivot point : 1834.00

Our preference : short positions below 1834.00 with targets at 1810.00 & 1801.00 in extension.

Alternative scenario : above 1834.00 look for further upside with 1849.00 & 1859.00 as targets.

Comment : as long as the resistance at 1834.00 is not surpassed, the risk of the break below 1810.00 remains high.

Supports and resistances :

1859.00 **
1849.00 *
1834.00
1826.20 – Last price
1810.00
1801.00 *
1793.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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